Blue Wolf Capital Partners LLC has raised a new private equity fund with approximately $540 million in capital commitments. The new fund, called Blue Wolf Capital Fund IV L.P, comes directly after the firm acquired StateServ Holdings, a provider of durable medical equipment. Blue Wolf now manages more than $1.2 billion in capital.
The new fund will continue using Blue Wolf’s strategy of making control investments in companies that service the forest and building products, manufacturing and distribution, aerospace and defense and healthcare industries. The firm’s preceding fund,
Blue Wolf Capital Fund III LP, closed in July 2013 with $300 million in capital commitments has since invested in ten companies from fund. Blue Wolf was founded in 2005 as a New York-based PE firm.
“All of us at Blue Wolf appreciate the support our previous investors have shown by joining us in our new fund and are happy to welcome a select group of new long-term partners,” states Blue Wolf managing partner Adam Blumenthal. “We have a robust pipeline of investment opportunities and look forward to putting this capital to work.”
Other middle-market fund raises include: Private Advisors’ raising the firm’s seventh small business PE fund; Saw Mill Capital’s closing of a new investment fund with $340 million in commitments; Industrial Opportunity Partner’s (IOP) raising its third fund with $450 million; Platte River Equity’s closing the firm’s fourth fundraise; CVC Capital Partners’ $18 billion fund to target U.S. and European investments; the Riverside Co.’s first minority investment fund in April 2017.